Traders work on the floor of the New York Stock Exchange May 25, 2017. — Reuters pic
The S&P banking subsector shed 2.5 per cent, while the broader financial sector dragged on the benchmark S&P 500 with a 2.4 per cent fall. The S&P 500 has recovered about 26 per cent since hitting a three-year low in March, powered by aggressive US monetary and fiscal stimulus and early signs of a potential peaking in US coronavirus cases, but remains about 18 per cent below its mid-February record high amid fears of a deep global recession.
The outbreak could reach its US peak this week, a top health official said on Monday, as the White House considers when and how to lift stay-at-home restrictions.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Terrible or merely bad? Investors brace for ugly Q1 earnings | Malay MailNEW YORK, April 13 ― The month of March opened with US unemployment near a 50-year low and concluded with countless companies turning to Washington for help as the coronavirus ravaged the economy. Quarterly earnings season ― which kicks off this week with reports from major banks ― will...
Source: malaymail - 🏆 1. / 86 Read more »
Ride-hailing app offers delivery services to boost taxi drivers’ earnings | Malay MailKUALA LUMPUR, April 12 — Taxi-oriented ride-hailing PICKnGO app is offering users delivery service options to boost drivers’ earnings during the movement control order (MCO) period. PICK N GO Sdn Bhd executive director Valerie Chan said taxi drivers had been finding it hard to make ends meet...
Source: malaymail - 🏆 1. / 86 Read more »
Virgin Galactic to run as a critical infrastructure business during Covid-19 pandemic | Malay MailLONDON, April 13 ― Billionaire Richard Branson's space tourism company Virgin Galactic Holdings Inc will keep running as a critical infrastructure business, even as many US states in which it operates have mandated business closures during the coronavirus outbreak. “We are an aerospace...
Source: malaymail - 🏆 1. / 86 Read more »